SEBI begins process to standardise demat of MF units

Securities and Exchange Board of India (SEBI) has begun process to standardise demat of mutual fund units.

May 20, 2011 / 09:03 IST

Securities and Exchange Board of India (SEBI) has begun process to standardise demat of mutual fund units, reports CNBC-TV18.

SEBI says, MFs will provide demat option to all investors from October 1, 2011. Demat option will be given for open and close-ended schemes.

The market regulator says, all MF schemes should have international securities identification number (ISIN) from October 1 and MFs should display ISIN in all scheme statements to investors.

first published: May 19, 2011 10:01 pm

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